© Reuters. “Don’t hesitate to invest.” Rich dad predicts Bitcoin price will exceed 400 million won, exceeding 100 million won. Robert Kiyosaki, author of the best-selling book “Rich Dad, Poor Dad,” predicted that the price will exceed 400 million won this year. The price is 300 million won higher than the originally expected Bitcoin price of 100 million won.
On the 6th (local time), Kiyosaki predicted on ‘X (old Twitter)’ that Bitcoin will exceed $300,000 (about 400 million won) this year. Kiyosaki is an economist who has consistently advocated investing in Bitcoin since 2019.
“The biggest mistake you can make is to delay and miss an opportunity,” he said. At the same time, he emphasized, “It’s important to start. Even just 500 dollars (about 660,000 won) is enough.”
Early this year, Bitcoin began trading at around 57 million won. After two months, the current highest price (97 million won) has increased by 40 million won. The increase rate alone amounts to 70.1%. This is an overwhelming amount compared to the increase rate of the S&P 500 index (7.5%) during the same period (-1.03%).
Early this year, Bitcoin began trading at around 57 million won. After two months, the current highest price (97 million won) has increased by 40 million won. The increase rate alone amounts to 70.1%. This is an overwhelming amount compared to the increase rate of the KOSPI (-1.03%) and S&P 500 index (7.5%) over the same period.
Domestic daily trading volume approached 3 trillion won. According to Korea’s five largest won exchanges (Upbit, Bithumb, Coinone, Korbit, and Gopax), the total volume of Bitcoin traded in won the previous day once recorded 2.8 trillion won. This is nearly twice as much as the trading volume (KRW 1.5 trillion) of Samsung Electronics (KS:), which ranked first in the stock market trading volume on that day.
Kiyosaki initially predicted that the price of Bitcoin would reach 100 million won. On the 19th of last month, he predicted on his Controversy over a bubble was raised when the Bitcoin price forecast was raised by 300 million won in two weeks.
Mike Novogratz, CEO of Galaxy Digital, a representative Bitcoin bull, said that the price could be pushed to the 73 million won range. This is a 22% decrease from the current reported price (97 million won). In an interview with Bloomberg on the 1st, he said, “It would not be surprising if a correction period arrived,” and predicted, “If a correction occurs in Bitcoin, it could fall to the mid-$50,000 range (KRW 73.45 million).”
“In the current cycle, the institutional investor leverage ratio is low, but the individual investor leverage ratio is excessively high,” he said. “Some will make a lot of money, but the majority will be washed out of the market.”
2024-03-07 08:34:21
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